Methods for facilitating funds disbursements and devices thereof

ABSTRACT

Systems and methods for facilitating a disbursement of funds to a payee are provided. The methods include receiving a payment request from a payor; generating a code, such as barcode, a Quick Response (QR) code, a Near Field Communication (NFC) code, or a textual string, that corresponds to the received payment request; transmitting the generated code to the payee; validating the code when the code is entered into a payment disbursement machine, such as an automated teller machine; and disbursing at least one of the funds and a payment voucher via the payment disbursement machine.

CROSS-REFERENCE TO RELATED APPLICATIONS

This is a continuation application of U.S. patent application Ser. No.16/416,808, filed May 20, 2019, which claims priority to U.S.Provisional Patent Application No. 62/673,476, filed May 18, 2018. Thedisclosure of each of the above-mentioned documents, including thespecification, drawings, and claims, is incorporated herein by referencein its entirety.

BACKGROUND 1. Field of the Disclosure

This technology generally relates to methods and systems forfacilitating funds disbursements, and more particularly, to methods andsystems for facilitating funds disbursements to persons that lackindividual bank accounts and/or persons that prefer to receive cashpayments.

2. Background Information

Corporate entities are often faced with situations that require them toissue a payment or refund to a customer, such as, for example, when anairline loses a passenger's luggage. In these situations, corporationsencounter difficulties making payments to individuals without immediateand ready access to a bank account or similar instrument, i.e., theunbanked population. These corporations will often issue paper checks orprepay cards to an unbanked payee. However, these instruments haveinherent security risks, and may introduce unnecessary complexity to thepayment process.

Conventional Automated Teller Machines (ATMs) have long functioned as anintegral tool for the disbursement of cash from a financial institutionto a user. Recently, Smart ATMs have been utilized to enhance orsupplement traditional ATM features. Smart ATMs may be connected over anetwork to a financial institution to access enhanced softwareapplications, or may have added hardware capabilities, such ashigh-resolution cameras, Near Field Communication (NFC) readers,fingerprint capabilities, and the like. The enhanced capabilities ofSmart ATMs enable financial institutions to ensure increased securitywith respect to financial interactions between corporations andcustomers and payees.

By leveraging Smart ATM features, it is possible for financialinstitutions to offer corporate clients improved payment methods forserving the unbanked population.

SUMMARY

The present disclosure, through one or more of its various aspects,embodiments, and/or specific features or sub-components, provides, interalia, various systems, servers, devices, methods, media, programs, andplatforms for facilitating a disbursement of funds to a payee. Thevarious aspects, embodiments, features, and/or sub-components provideoptimized processes of facilitating a disbursement of funds to a payee.

According to an aspect of the present disclosure, a method forfacilitating a disbursement of funds to a payee is provided. The methodis implemented by a processor on a computing device. The methodincludes: receiving a payment request from a payor; generating a codethat corresponds to the received payment request; transmitting thegenerated code to the payee; validating the code when the code isentered into a payment disbursement machine; and disbursing at least oneof the funds and a payment voucher via the payment disbursement machine.

The payment disbursement machine may be an automated teller machine(ATM).

The payment request may be received from the payor via a wireless mobilecommunication device, such as, for example, a smart phone.

The disbursing may include disbursing the payment voucher when at leastone of a funds availability restriction, an identification verificationrestriction, and a general payment disbursement machine restriction isapplicable to the payee.

The payment voucher may be redeemable at a financial institution forfacilitating the disbursement of funds.

The code may be a single-use code that is unusable after a first use.

The single-use code may be configured to expire when a predeterminedamount of time has elapsed from the generating of the code.

The method may further include authenticating the payee after receivingthe payment request and before generating the code.

The authenticating may be performed by using image data of the payee,using video data of the payee, using fingerprint data of the payee,and/or using facial recognition data of the payee.

The code may include at least one of a barcode, a Quick Response (QR)code, a Near Field Communication (NFC) code, and a textual string.

According to another aspect of the present disclosure, a computingdevice configured to implement an execution of a method for facilitatinga disbursement of funds to a payee is provided. The computing deviceincludes a display screen, a processor, a memory, and a communicationinterface coupled to each of the processor, the memory, and the displayscreen. The processor is configured to: receive a payment request from apayor; generate a code that corresponds to the received payment request;transmit the generated code to the payee; validate the code when thecode is entered into a payment disbursement machine; and effect thedisbursement of at least one of the funds and a payment voucher via thepayment disbursement machine.

The payment disbursement machine may be an automated teller machine(ATM).

The payment request may be received from the payor via a wireless mobilecommunication device, such as, for example, a smart phone.

The processor may be further configured to effect the disbursement ofthe payment voucher when at least one of a funds availabilityrestriction, an identification verification restriction, and a generalpayment disbursement machine restriction is applicable to the payee.

The payment voucher may be redeemable at a financial institution forfacilitating the disbursement of funds.

The code may be a single-use code that is unusable after a first use.

The single-use code may be configured to expire when a predeterminedamount of time has elapsed from a time at which the code is generated.

The processor may be further configured to authenticate the payee afterthe payment request is received and before the code is generated.

The processor may be further configured to authenticate the payee byusing at least one of image data of the payee, video data of the payee,fingerprint data of the payee, and facial recognition data of the payee.

The code may include at least one of a barcode, a Quick Response (QR)code, a Near Field Communication (NFC) code, and a textual string.

BRIEF DESCRIPTION OF THE DRAWINGS

The present disclosure is further described in the detailed descriptionwhich follows, in reference to the noted plurality of drawings, by wayof non-limiting examples of preferred embodiments of the presentdisclosure, in which like characters represent like elements throughoutthe several views of the drawings.

FIG. 1 illustrates an exemplary computer system.

FIG. 2 illustrates an exemplary diagram of a network environment.

FIG. 3 shows an exemplary system for facilitating a disbursement offunds to a payee.

FIG. 4 is a flowchart of an exemplary method for facilitating adisbursement of funds to a payee.

FIG. 5 illustrates a process flow diagram of a process for facilitatinga disbursement of funds to a payee, according to an exemplaryembodiment.

DETAILED DESCRIPTION

Through one or more of its various aspects, embodiments and/or specificfeatures or sub-components of the present disclosure, are intended tobring out one or more of the advantages as specifically described aboveand noted below.

The examples may also be embodied as one or more non-transitory computerreadable media having instructions stored thereon for one or moreaspects of the present technology as described and illustrated by way ofthe examples herein. The instructions in some examples includeexecutable code that, when executed by one or more processors, cause theprocessors to carry out steps necessary to implement the methods of theexamples of this technology that are described and illustrated herein.

FIG. 1 is an exemplary system for use in accordance with the embodimentsdescribed herein. The system 100 is generally shown and may include acomputer system 102, which is generally indicated.

The computer system 102 may include a set of instructions that can beexecuted to cause the computer system 102 to perform any one or more ofthe methods or computer based functions disclosed herein, either aloneor in combination with the other described devices. The computer system102 may operate as a standalone device or may be connected to othersystems or peripheral devices. For example, the computer system 102 mayinclude, or be included within, any one or more computers, servers,systems, communication networks or cloud environment. Even further, theinstructions may be operative in such cloud-based computing environment.

In a networked deployment, the computer system 102 may operate in thecapacity of a server or as a client user computer in a server-clientuser network environment, a client user computer in a cloud computingenvironment, or as a peer computer system in a peer-to-peer (ordistributed) network environment. The computer system 102, or portionsthereof, may be implemented as, or incorporated into, various devices,such as a personal computer, a tablet computer, a set-top box, apersonal digital assistant, a mobile device, a palmtop computer, alaptop computer, a desktop computer, a communications device, a wirelesssmart phone, a personal trusted device, a wearable device, a globalpositioning satellite (GPS) device, a web appliance, or any othermachine capable of executing a set of instructions (sequential orotherwise) that specify actions to be taken by that machine. Further,while a single computer system 102 is illustrated, additionalembodiments may include any collection of systems or sub-systems thatindividually or jointly execute instructions or perform functions. Theterm “system” shall be taken throughout the present disclosure toinclude any collection of systems or sub-systems that individually orjointly execute a set, or multiple sets, of instructions to perform oneor more computer functions.

As illustrated in FIG. 1 , the computer system 102 may include at leastone processor 104. The processor 104 is tangible and non-transitory. Asused herein, the term “non-transitory” is to be interpreted not as aneternal characteristic of a state, but as a characteristic of a statethat will last for a period of time. The term “non-transitory”specifically disavows fleeting characteristics such as characteristicsof a particular carrier wave or signal or other forms that exist onlytransitorily in any place at any time. The processor 104 is an articleof manufacture and/or a machine component. The processor 104 isconfigured to execute software instructions in order to performfunctions as described in the various embodiments herein. The processor104 may be a general purpose processor or may be part of an applicationspecific integrated circuit (ASIC). The processor 104 may also be amicroprocessor, a microcomputer, a processor chip, a controller, amicrocontroller, a digital signal processor (DSP), a state machine, or aprogrammable logic device. The processor 104 may also be a logicalcircuit, including a programmable gate array (PGA) such as a fieldprogrammable gate array (FPGA), or another type of circuit that includesdiscrete gate and/or transistor logic. The processor 104 may be acentral processing unit (CPU), a graphics processing unit (GPU), orboth. Additionally, any processor described herein may include multipleprocessors, parallel processors, or both. Multiple processors may beincluded in, or coupled to, a single device or multiple devices.

The computer system 102 may also include a computer memory 106. Thecomputer memory 106 may include a static memory, a dynamic memory, orboth in communication. Memories described herein are tangible storagemediums that can store data and executable instructions, and arenon-transitory during the time instructions are stored therein. Again,as used herein, the term “non-transitory” is to be interpreted not as aneternal characteristic of a state, but as a characteristic of a statethat will last for a period of time. The term “non-transitory”specifically disavows fleeting characteristics such as characteristicsof a particular carrier wave or signal or other forms that exist onlytransitorily in any place at any time. The memories are an article ofmanufacture and/or machine component. Memories described herein arecomputer-readable mediums from which data and executable instructionscan be read by a computer. Memories as described herein may be randomaccess memory (RAM), read only memory (ROM), flash memory, electricallyprogrammable read only memory (EPROM), electrically erasableprogrammable read-only memory (EEPROM), registers, a hard disk, a cache,a removable disk, tape, compact disk read only memory (CD-ROM), digitalversatile disk (DVD), floppy disk, blu-ray disk, or any other form ofstorage medium known in the art. Memories may be volatile ornon-volatile, secure and/or encrypted, unsecure and/or unencrypted. Ofcourse, the computer memory 106 may comprise any combination of memoriesor a single storage.

The computer system 102 may further include a display 108, such as aliquid crystal display (LCD), an organic light emitting diode (OLED), aflat panel display, a solid state display, a cathode ray tube (CRT), aplasma display, or any other type of display, examples of which are wellknown to skilled persons.

The computer system 102 may also include at least one input device 110,such as a keyboard, a touch-sensitive input screen or pad, a speechinput, a mouse, a remote control device having a wireless keypad, amicrophone coupled to a speech recognition engine, a camera such as avideo camera or still camera, a cursor control device, a globalpositioning system (GPS) device, an altimeter, a gyroscope, anaccelerometer, a proximity sensor, or any combination thereof. Thoseskilled in the art appreciate that various embodiments of the computersystem 102 may include multiple input devices 110. Moreover, thoseskilled in the art further appreciate that the above-listed, exemplaryinput devices 110 are not meant to be exhaustive and that the computersystem 102 may include any additional, or alternative, input devices110.

The computer system 102 may also include a medium reader 112 which isconfigured to read any one or more sets of instructions, e.g. software,from any of the memories described herein. The instructions, whenexecuted by a processor, can be used to perform one or more of themethods and processes as described herein. In a particular embodiment,the instructions may reside completely, or at least partially, withinthe memory 106, the medium reader 112, and/or the processor 110 duringexecution by the computer system 102.

Furthermore, the computer system 102 may include any additional devices,components, parts, peripherals, hardware, software or any combinationthereof which are commonly known and understood as being included withor within a computer system, such as, but not limited to, a networkinterface 114 and an output device 116. The output device 116 may be,but is not limited to, a speaker, an audio out, a video out, a remotecontrol output, a printer, or any combination thereof.

Each of the components of the computer system 102 may be interconnectedand communicate via a bus 118 or other communication link. As shown inFIG. 1 , the components may each be interconnected and communicate viaan internal bus. However, those skilled in the art appreciate that anyof the components may also be connected via an expansion bus. Moreover,the bus 118 may enable communication via any standard or otherspecification commonly known and understood such as, but not limited to,peripheral component interconnect, peripheral component interconnectexpress, parallel advanced technology attachment, serial advancedtechnology attachment, etc.

The computer system 102 may be in communication with one or moreadditional computer devices 120 via a network 122. The network 122 maybe, but is not limited to, a local area network, a wide area network,the Internet, a telephony network, a short-range network, or any othernetwork commonly known and understood in the art. The short-rangenetwork may include, for example, Bluetooth, Zigbee, infrared, nearfield communication, ultraband, or any combination thereof. Thoseskilled in the art appreciate that additional networks 122 which areknown and understood may additionally or alternatively be used and thatthe exemplary networks 122 are not limiting or exhaustive. Also, whilethe network 122 is shown in FIG. 1 as a wireless network, those skilledin the art appreciate that the network 122 may also be a wired network.

The additional computer device 120 is shown in FIG. 1 as a personalcomputer. However, those skilled in the art appreciate that, inalternative embodiments of the present application, the computer device120 may be a laptop computer, a tablet PC, a personal digital assistant,a mobile device, a palmtop computer, a desktop computer, acommunications device, a wireless telephone, a personal trusted device,a web appliance, a server, or any other device that is capable ofexecuting a set of instructions, sequential or otherwise, that specifyactions to be taken by that device. Of course, those skilled in the artappreciate that the above-listed devices are merely exemplary devicesand that the device 120 may be any additional device or apparatuscommonly known and understood in the art without departing from thescope of the present application. For example, the computer device 120may be the same or similar to the computer system 102. Furthermore,those skilled in the art similarly understand that the device may be anycombination of devices and apparatuses.

Of course, those skilled in the art appreciate that the above-listedcomponents of the computer system 102 are merely meant to be exemplaryand are not intended to be exhaustive and/or inclusive. Furthermore, theexamples of the components listed above are also meant to be exemplaryand similarly are not meant to be exhaustive and/or inclusive.

In accordance with various embodiments of the present disclosure, themethods described herein may be implemented using a hardware computersystem that executes software programs. Further, in an exemplary,non-limited embodiment, implementations can include distributedprocessing, component/object distributed processing, and parallelprocessing. Virtual computer system processing can be constructed toimplement one or more of the methods or functionality as describedherein, and a processor described herein may be used to support avirtual processing environment.

As described herein, various embodiments provide optimized processes offacilitating a disbursement of funds to a payee.

Referring to FIG. 2 , a schematic of an exemplary network environment200 for implementing a method for facilitating a disbursement of fundsto a payee is illustrated. In an exemplary embodiment, the method isexecutable on any networked computer platform, such as, for example, awireless mobile communication device, i.e., a smart phone.

The method for facilitating a disbursement of funds to a payee may beimplemented by a Funds Disbursement to Unbanked Payee (FDUP) device 202.The FDUP device 202 may be the same or similar to the computer system102 as described with respect to FIG. 1 . The FDUP device 202 may storeone or more applications that can include executable instructions that,when executed by the FDUP device 202, cause the FDUP device 202 toperform actions, such as to transmit, receive, or otherwise processnetwork messages, for example, and to perform other actions describedand illustrated below with reference to the figures. The application(s)may be implemented as modules or components of other applications.Further, the application(s) can be implemented as operating systemextensions, modules, plugins, or the like.

Even further, the application(s) may be operative in a cloud-basedcomputing environment. The application(s) may be executed within or asvirtual machine(s) or virtual server(s) that may be managed in acloud-based computing environment. Also, the application(s), and eventhe FDUP device 202 itself, may be located in virtual server(s) runningin a cloud-based computing environment rather than being tied to one ormore specific physical network computing devices. Also, theapplication(s) may be running in one or more virtual machines (VMs)executing on the FDUP device 202. Additionally, in one or moreembodiments of this technology, virtual machine(s) running on the FDUPdevice 202 may be managed or supervised by a hypervisor.

In the network environment 200 of FIG. 2 , the FDUP device 202 iscoupled to a plurality of server devices 204(1)-204(n) that hosts aplurality of databases 206(1)-206(n), and also to a plurality of clientdevices 208(1)-208(n) via communication network(s) 210. A communicationinterface of the FDUP device 202, such as the network interface 114 ofthe computer system 102 of FIG. 1 , operatively couples and communicatesbetween the FDUP device 202, the server devices 204(1)-204(n), and/orthe client devices 208(1)-208(n), which are all coupled together by thecommunication network(s) 210, although other types and/or numbers ofcommunication networks or systems with other types and/or numbers ofconnections and/or configurations to other devices and/or elements mayalso be used.

The communication network(s) 210 may be the same or similar to thenetwork 122 as described with respect to FIG. 1 , although the FDUPdevice 202, the server devices 204(1)-204(n), and/or the client devices208(1)-208(n) may be coupled together via other topologies.Additionally, the network environment 200 may include other networkdevices such as one or more routers and/or switches, for example, whichare well known in the art and thus will not be described herein. Thistechnology provides a number of advantages including methods,non-transitory computer readable media, and FDUP devices thatefficiently facilitate disbursements of funds to payees.

By way of example only, the communication network(s) 210 may includelocal area network(s) (LAN(s)) or wide area network(s) (WAN(s)), and canuse TCP/IP over Ethernet and industry-standard protocols, although othertypes and/or numbers of protocols and/or communication networks may beused. The communication network(s) 210 in this example may employ anysuitable interface mechanisms and network communication technologiesincluding, for example, teletraffic in any suitable form (e.g., voice,modem, and the like), Public Switched Telephone Network (PSTNs),Ethernet-based Packet Data Networks (PDNs), combinations thereof, andthe like.

The FDUP device 202 may be a standalone device or integrated with one ormore other devices or apparatuses, such as one or more of the serverdevices 204(1)-204(n), for example. In one particular example, the FDUPdevice 202 may include or be hosted by one of the server devices204(1)-204(n), and other arrangements are also possible. Moreover, oneor more of the devices of the FDUP device 202 may be in a same or adifferent communication network including one or more public, private,or cloud networks, for example.

The plurality of server devices 204(1)-204(n) may be the same or similarto the computer system 102 or the computer device 120 as described withrespect to FIG. 1 , including any features or combination of featuresdescribed with respect thereto. For example, any of the server devices204(1)-204(n) may include, among other features, one or more processors,a memory, and a communication interface, which are coupled together by abus or other communication link, although other numbers and/or types ofnetwork devices may be used. The server devices 204(1)-204(n) in thisexample may process requests received from the FDUP device 202 via thecommunication network(s) 210 according to the HTTP-based and/orJavaScript Object Notation (JSON) protocol, for example, although otherprotocols may also be used.

The server devices 204(1)-204(n) may be hardware or software or mayrepresent a system with multiple servers in a pool, which may includeinternal or external networks. The server devices 204(1)-204(n) hoststhe databases 206(1)-206(n) that are configured to store transactiondata, payee authentication data, and any other data that relates tomanaging and administering a disbursement of funds to a payee.

Although the server devices 204(1)-204(n) are illustrated as singledevices, one or more actions of each of the server devices 204(1)-204(n)may be distributed across one or more distinct network computing devicesthat together comprise one or more of the server devices 204(1)-204(n).Moreover, the server devices 204(1)-204(n) are not limited to aparticular configuration. Thus, the server devices 204(1)-204(n) maycontain a plurality of network computing devices that operate using amaster/slave approach, whereby one of the network computing devices ofthe server devices 204(1)-204(n) operates to manage and/or otherwisecoordinate operations of the other network computing devices.

The server devices 204(1)-204(n) may operate as a plurality of networkcomputing devices within a cluster architecture, a peer-to peerarchitecture, virtual machines, or within a cloud architecture, forexample. Thus, the technology disclosed herein is not to be construed asbeing limited to a single environment and other configurations andarchitectures are also envisaged.

The plurality of client devices 208(1)-208(n) may also be the same orsimilar to the computer system 102 or the computer device 120 asdescribed with respect to FIG. 1 , including any features or combinationof features described with respect thereto. For example, the clientdevices 208(1)-208(n) in this example may include any type of computingdevice that can facilitate the execution of a web application.Accordingly, the client devices 208(1)-208(n) may be mobile computingdevices, desktop computing devices, laptop computing devices, tabletcomputing devices, virtual machines (including cloud-based computers),or the like, that host chat, e-mail, or voice-to-text applications, forexample. In an exemplary embodiment, at least one client device 208 is awireless mobile communication device, i.e., a smart phone.

The client devices 208(1)-208(n) may run interface applications, such asstandard web browsers or standalone client applications, which mayprovide an interface to communicate with the FDUP device 202 via thecommunication network(s) 210 in order to communicate user requests. Theclient devices 208(1)-208(n) may further include, among other features,a display device, such as a display screen or touchscreen, and/or aninput device, such as a keyboard, for example.

Although the exemplary network environment 200 with the FDUP device 202,the server devices 204(1)-204(n), the client devices 208(1)-208(n), andthe communication network(s) 210 are described and illustrated herein,other types and/or numbers of systems, devices, components, and/orelements in other topologies may be used. It is to be understood thatthe systems of the examples described herein are for exemplary purposes,as many variations of the specific hardware and software used toimplement the examples are possible, as will be appreciated by thoseskilled in the relevant art(s).

One or more of the devices depicted in the network environment 200, suchas the FDUP device 202, the server devices 204(1)-204(n), or the clientdevices 208(1)-208(n), for example, may be configured to operate asvirtual instances on the same physical machine. In other words, one ormore of the FDUP device 202, the server devices 204(1)-204(n), or theclient devices 208(1)-208(n) may operate on the same physical devicerather than as separate devices communicating through communicationnetwork(s) 210. Additionally, there may be more or fewer FDUP devices202, server devices 204(1)-204(n), or client devices 208(1)-208(n) thanillustrated in FIG. 2 .

In addition, two or more computing systems or devices may be substitutedfor any one of the systems or devices in any example. Accordingly,principles and advantages of distributed processing, such as redundancyand replication also may be implemented, as desired, to increase therobustness and performance of the devices and systems of the examples.The examples may also be implemented on computer system(s) that extendacross any suitable network using any suitable interface mechanisms andtraffic technologies, including by way of example only teletraffic inany suitable form (e.g., voice and modem), wireless traffic networks,cellular traffic networks, Packet Data Networks (PDNs), the Internet,intranets, and combinations thereof.

The FDUP device 202 is described and shown in FIG. 3 as including afunds disbursement service management module 302, although it mayinclude other modules, databases, or applications, for example. As willbe described below, the funds disbursement management module 302 isconfigured to process large numbers of funds disbursement requests inorder to ensure that unbanked payees are able to receive payments in anautomated, efficient, scalable, and reliable manner.

An exemplary process 300 for facilitating a disbursement of funds to apayee by utilizing the network environment of FIG. 2 is shown as beingexecuted in FIG. 3 . Specifically, a first client device 208(1) and asecond client device 208(2) are illustrated as being in communicationwith FDUP device 202. In this regard, the first client device 208(1) andthe second client device 208(2) may be “clients” of the FDUP device 202and are described herein as such. Nevertheless, it is to be known andunderstood that the first client device 208(1) and/or the second clientdevice 208(2) need not necessarily be “clients” of the FDUP device 202,or any entity described in association therewith herein. Any additionalor alternative relationship may exist between either or both of thefirst client device 208(1) and the second client device 208(2) and theFDUP device 202, or no relationship may exist.

Further, FDUP device 202 is illustrated as being able to access atransaction data repository 206(1) and a payee authentications database206(2). The funds disbursement management module 302 may be configuredto access these databases for implementing a process for facilitating adisbursement of funds to a payee.

The first client device 208(1) may be, for example, a smart phone. Ofcourse, the first client device 208(1) may be any additional devicedescribed herein. The second client device 208(2) may be, for example, apersonal computer (PC). Of course, the second client device 208(2) mayalso be any additional device described herein.

The process may be executed via the communication network(s) 210, whichmay comprise plural networks as described above. For example, in anexemplary embodiment, either or both of the first client device 208(1)and the second client device 208(2) may communicate with the FDUP device202 via broadband or cellular communication. Of course, theseembodiments are merely exemplary and are not limiting or exhaustive.

Upon being started, the funds disbursement management module 302executes a process for facilitating a disbursement of funds to a payee.An exemplary process for facilitating a disbursement of funds to a payeeis generally indicated at flowchart 400 in FIG. 4 .

In the process 400 of FIG. 4 , at step S402, the funds disbursementmanagement module 302 receives a request for a payment to be made to apayee on behalf of a corporate client. The payee may be an unbankedpayee. In an exemplary embodiment, the request is received via awireless mobile communication device, such as, for example, a smartphone.

At step S404, the funds disbursement management module 302 authenticatesthe payee. In an exemplary embodiment, any of several authenticationmethods may be used, such as, for example, using image data of thepayee, using video data of the payee, obtaining a fingerprint scan ofthe payee and using fingerprint data, and using facial recognitiontechniques. Alternatively, an authentication may be performed by using apassword, unique data such as a question/answer format, and/or any othersuitable authentication method.

At step S406, the funds disbursement management module 302 generates acode that corresponds to the received payment request. In an exemplaryembodiment, the code is a single-use code that is unusable after thefirst use. In addition, the single-use code may be configured to expirewhen a predetermined amount of time has elapsed after the generation ofthe code. For example, the single-use code may be configured to expireafter one minute, 10 minutes, one hour, 24 hours, or 30 days. In anexemplary embodiment, the single-use code may include a barcode, a QuickResponse (QR) code, a Near Field Communication (NFC) code, and/or atextual string that includes a sequence of alphanumerical characters.

At step S408, the funds disbursement management module 302 transmits thesingle-use code to the payee. In an exemplary embodiment, the single-usecode is displayable on a screen of the payee's smart phone.

At step S410, when the payee enters the single-use code into a paymentdisbursement machine, such as, for example, an automatic teller machine(ATM), the funds disbursement module 302 validates the single-use codein order to ensure that the proper payee and the correct transactiondetails are involved in the transaction.

At step S412, the funds disbursement management module 302 prompts thepayment disbursement machine to disburse the funds or a payment voucherto the payee. In an exemplary embodiment, a payment voucher may bedisbursed in lieu of funds due to a restriction that is applicable tothe payee or to the transaction, such as, for example, a fundsavailability restriction, an identification verification restriction, ora general payment disbursement machine restriction, i.e., a general ATMrestriction. When the payment disbursement machine disburses a paymentvoucher instead of disbursing the funds, the payment voucher isredeemable at a corresponding financial institution by the payee.

Referring to FIG. 5 , a process flow diagram of a process 500 forfacilitating a disbursement of funds to a payee is illustrated,according to an exemplary embodiment. The disbursement process 500 maybe an unbanked disbursement process 500 and/or an underbankeddisbursement process 500.

As described herein, the term “underbanked” describes persons and/ororganizations that may not have sufficient access to financial servicesand products (e.g., mainstream financial services and products) that aretraditionally offered by banks (e.g., retail banks and/or online banks).As described herein, the term “unbanked” describes persons and/ororganizations that do not use banking services. It should be appreciatedthat the disbursement process 500 described herein may be utilized byboth underbanked and unbanked people and organizations, and thatreferences to the unbanked disbursement process 500 herein are forexemplary purposes only, and not for limiting said disbursement process500 to a particular group of persons and/or organizations.

Unbanked disbursement process 500 illustrates the transfer of funds andauthentication protocols required in a transaction between a corporateclient and an unbanked payee, non-customer, or the like, according to anexemplary embodiment. In an exemplary embodiment, the unbankeddisbursement process 500 further involves a unmanned paymentdisbursement system, such as, for example, an ATM (e.g., a Smart ATM), abank account (actual, virtual, or otherwise) associated with thecorporate client, and a bank treasury service. It is appreciated that inother embodiments, additional parties or entities may be involved in thedisbursement process. It is appreciated that the entities involved inthe unbanked disbursement process 500 are configured to communicate witheach other over a network or networks such as the Internet, cellulardata networks, or the like. In some embodiments, a virtual account maybe used to mask the identity of the payee or the corporate client. Avirtual account may be created for every transaction, and may be deletedupon completion of a transaction. In some embodiments, the virtualaccount corresponds to a randomly generated alphanumeric string ofcharacters.

An unbanked individual or unbanked payee is any individual that does nothave a bank account or desires to have payment funds disbursed as a cashinstrument. A corporate client is any corporate entity with arelationship to a financial institution that wishes to disburse funds toindividuals. The corporate entity has a bank account with the financialinstitution from which funds are drawn. A financial institution may be abank or other payment processing entity. In some embodiments, thecorporate client's bank account is a line of credit (virtual or actual)from which funds are disbursed. A Smart ATM is an Internet-connectedAutomated Teller Machine (ATM) that is, in addition to performing thetraditional function of disbursement of cash, capable of transmittingand receiving information via a network to at least one financialinstitution server. In some embodiments, the Smart ATM has at least onecamera and is configured to transmit and receive image and video data ofa user or the physical surroundings of the Smart ATM. In someembodiments, the Smart ATM is configured to communicate with NFC-enableddevices, such as a smart phone or a tablet computer. In otherembodiments, the Smart ATM is configured to accept input from biometricsecurity devices such as a fingerprint reader, facial recognitioncameras, optical scanners, etc. The Smart ATM may also includeimplementations of additional authentication procedures, such as QuickResponse (QR) codes, text message authentication, or the like.

The unbanked disbursement process 500 begins when a corporate clientinitiates a payment request to a bank or similar financial institutionat step 502. Payment request 502 may be made from a user interface thatis accessible via the Internet or via an application on a smart phone ortablet/computer. In some embodiments, payment request 502 is uploadedvia a batch upload or a call from an application programming interface(API). The corporate client provides transaction and authenticationvalues as part of the request. In some embodiments, the authenticationvalues are provided in a question and answer format. In someembodiments, the transaction and authentication values are randomlygenerated by at least one processor in communication with a memory. Insome embodiments, the transaction and authentication values are randomlygenerated by the corporate client and transmitted to the financialinstitution.

After payment request 502 is initiated, the payment request istransmitted to the financial institution. The financial institutionreceives the payment request and the transaction and authenticationvalues, generates a notification message, and transmits the notificationmessage to the payee at step 504. The notification message may be anyelectronic message, including, for example, any one or more of a ShortMessage Service (SMS) text message, electronic mail (email) message,electronic chat message, Facebook instant or direct message, Twitterdirect message, automated telephone call, and/or any other suitablemessage type. Other digital notification methods will be apparent tothose of skill in the art.

At step 506, the payee receives the notification message from thefinancial institution and is prompted to provide an authenticationresponse that corresponds to the authentication values generated atpayment request 502. In some embodiments, the authentication values arein the form of questions and answers. Authentication values may also bein the form of a challenge-response test, such as CAPTCHA or similarhuman verification methods.

In some embodiments, the authentication values will initiate aninteraction with a different application than the application in whichthe message was received. For example, if the message is received by thepayee on a smart phone, the notification message may include a link tolaunch an additional authentication application, such as Last Pass,OnePass, Google Authenticator, or another suitable application.

After a response is registered to the authentication prompt andtransmitted to the financial institution, at step 508, the financialinstitution validates or confirms that the authentication valuessubmitted by the payee correspond to the authentication values generatedby the corporate client.

In some embodiments, at step 506, the payee is redirected to a TreasuryServices application (such as Corporate Quick Pay) in which the payeeenters a challenge answer. The notification may include an Internethyperlink which may be directed to an application in order to enter achallenge answer. In some embodiments, the Treasury Services applicationis configured to prompt the payee to enter existing bank account detailsfor disbursement to an existing bank account, or allow for the payee tochoose a cash disbursement to an ATM.

After validation of the authentication values is performed at step 508,then at step 510, the financial institution generates a one-time usecode (also referred to herein as a “single-use code) and transmits thecode to the payee. The one-time use code that is generated may compriseany of a series of randomly generated alphanumeric characters, a QuickResponse (QR) code or other barcode, a Near-Field Communication (NFC)code, and/or any other suitable type of code. Other types ofauthentication codes will be apparent to those of skill in the art.

In some embodiments, the one-time use code will change after apredetermined period of time, e.g., every five minutes, at which time anew one-time code will be generated. It will be appreciated that theone-time use code is configured to be utilized only one time, withrespect to the current transaction, and that that the one-time code isunusable after the first use. In some embodiments, the one-time use codemay be transmitted to the payee in more than one format, for example, atext message and an email. In some embodiments, a plurality of one-timeuse codes are generated and transmitted to the payee in differentformats, for example, a text message and an email, for the purposes ofmulti-factor authentication.

At step 512, the payee receives the one-time use code generated by thefinancial institution. In some embodiments, the one-time use code may betime sensitive, and may thus expire after a predetermined amount of timehas elapsed. For example, the one-time use code may be usable for only15 minutes, 30 minutes, or an hour after transmission. After such timehas elapsed without use, the financial institution may transmit anotification back to the payee and/or the corporate client in order toindicate that the transaction has been cancelled.

At step 514, the payee enters the one-time use code at a Smart ATMaffiliated with the financial institution. A Smart ATM is an ATM that isaffiliated with a financial institution and configured to receive andtransmit information over a network to a server that is affiliated withthe financial institution. In some embodiments, in step 518, the SmartATM is configured to monitor a payee transaction at an interactionmonitor. In some embodiments, the Smart ATM is configured to collectadditional authentication data, such as image or video data, fingerprintscan data, facial recognition data, and/or any other suitable type ofauthentication data.

After the one-time use code is entered or used at the Smart ATM at step514, then at step 516, the Smart ATM connects to the financialinstitution network and validates or confirms that the one-time use codeentered by the payee matches the one-time use code generated by thefinancial institution at step 510.

In some embodiments, code verification 516 relies on multi-factorauthentication, and will prompt the payee for additional authenticatinginformation, such as payee name, address, Social Security Number, etc.If the one-time use code entered is not correct or not able to beproperly validated, the Smart ATM will end the transaction. In someembodiments, the Smart ATM is configured to transmit image or video datato the corporate client or financial institution in the event of afailed authentication.

After the one-time use code is authenticated at step 516, the Smart ATMis configured to communicate with the financial institution over anetwork to confirm that the code has been used by the payee and properlyauthenticated. At step 520, the financial institution receivestransaction information from the Smart ATM and validates or confirms theuse of the one-time use code. In some embodiments, the financialinstitution performs additional validation or authentication procedures,such as confirming date, time, location, etc., that relate to the use ofthe one-time use code.

Once the validation check is completed, then at step 522, the financialinstitution generates an authenticated response and transmits theresponse to the Smart ATM. In some embodiments, the authenticatedresponse includes a randomly generated transaction identifier that isused to identify the transaction, corporate client, and/or payee.

At step 524, the Smart ATM receives the authentication verification fromthe financial institution and disburses a voucher and/or cash to thepayee. In some embodiments, the Smart ATM is configured to collect imageor video data at the time of disbursement and transmit the data to thecorporate client or financial institution for further verification andrecordation relating to the transaction. In some embodiments, the imageand/or video data may be accessed, for example, via a user device andtransmitted to the Smart ATM and/or the financial institution.

At step 526, the payee retrieves the voucher and/or cash as it isdisbursed from the Smart ATM. In some embodiments, the payee may be senta notification or confirmation via a text message or email regarding thesuccessful completion of the disbursement.

In some embodiments, the Smart ATM has sensors which are configured toverify that the voucher and/or cash has been retrieved from thedisbursement slot. In some embodiments, the financial institution mayreject the transaction due to transactional failures. In situationswhere the funds are not collected, the Smart ATM may be configured toreturn the cash, and a response is returned to the financial institutionto indicate that the funds should not be deducted from the clientaccount.

In some embodiments, a disbursement of the voucher may be performed inresponse to one or more disbursement restrictions that are identified,for example, via the Smart ATM. The disbursement restrictions mayinclude, for example, a funds availability restriction, anidentification verification restriction, and/or a general disbursementrestriction associated with the ATM and/or Smart ATM. In someembodiments, for example, the general disbursement restrictions may beassociated with maintenance of the Smart ATM. Additionally, oralternatively, the general disbursement restriction may be related to aSmart ATM error that is not related to the payee and/or the payee'stransaction, and/or any other disbursement restriction known to personsof ordinary skill in the art and capable of restricting disbursement offunds (e.g., cash) to the payee.

It should be appreciated that any restrictions may be transmitted to thepayee prior to the payee interfacing with the ATM, for example, via theuser device. In this case, the payee may be prompted to use thegenerated use code at the financial institution (e.g., via a humanteller) instead of at the Smart ATM.

At step 528, the Smart ATM generates a confirmation message thatindicates that the cash has been successfully retrieved by the payee,and transmits the confirmation message to the financial institution. Insome embodiments, a confirmation message is sent to the payee orcorporate client.

At step 530, the financial institution verifies or confirms that theappropriate cash disbursement has been made and deducts the appropriateamount of funds from the corporate client's account with the financialinstitution. After the funds have been deducted from the client account,an indicator value transaction reference is generated at step 532 andstored in connection with the client account.

Accordingly, with this technology, an optimized process for facilitatinga disbursement of funds to a payee is provided. The optimized processenables an unbanked payee to efficiently and automatically obtain accessto a disbursement of funds.

Although the invention has been described with reference to severalexemplary embodiments, it is understood that the words that have beenused are words of description and illustration, rather than words oflimitation. Changes may be made within the purview of the appendedclaims, as presently stated and as amended, without departing from thescope and spirit of the present disclosure in its aspects. Although theinvention has been described with reference to particular means,materials and embodiments, the invention is not intended to be limitedto the particulars disclosed; rather the invention extends to allfunctionally equivalent structures, methods, and uses such as are withinthe scope of the appended claims.

For example, while the computer-readable medium may be described as asingle medium, the term “computer-readable medium” includes a singlemedium or multiple media, such as a centralized or distributed database,and/or associated caches and servers that store one or more sets ofinstructions. The term “computer-readable medium” shall also include anymedium that is capable of storing, encoding or carrying a set ofinstructions for execution by a processor or that cause a computersystem to perform any one or more of the embodiments disclosed herein.

The computer-readable medium may comprise a non-transitorycomputer-readable medium or media and/or comprise a transitorycomputer-readable medium or media. In a particular non-limiting,exemplary embodiment, the computer-readable medium can include asolid-state memory such as a memory card or other package that housesone or more non-volatile read-only memories. Further, thecomputer-readable medium can be a random access memory or other volatilere-writable memory. Additionally, the computer-readable medium caninclude a magneto-optical or optical medium, such as a disk or tapes orother storage device to capture carrier wave signals such as a signalcommunicated over a transmission medium. Accordingly, the disclosure isconsidered to include any computer-readable medium or other equivalentsand successor media, in which data or instructions may be stored.

Although the present application describes specific embodiments whichmay be implemented as computer programs or code segments incomputer-readable media, it is to be understood that dedicated hardwareimplementations, such as application specific integrated circuits,programmable logic arrays and other hardware devices, can be constructedto implement one or more of the embodiments described herein.Applications that may include the various embodiments set forth hereinmay broadly include a variety of electronic and computer systems.Accordingly, the present application may encompass software, firmware,and hardware implementations, or combinations thereof. Nothing in thepresent application should be interpreted as being implemented orimplementable solely with software and not hardware.

Although the present specification describes components and functionsthat may be implemented in particular embodiments with reference toparticular standards and protocols, the disclosure is not limited tosuch standards and protocols. Such standards are periodically supersededby faster or more efficient equivalents having essentially the samefunctions. Accordingly, replacement standards and protocols having thesame or similar functions are considered equivalents thereof.

The illustrations of the embodiments described herein are intended toprovide a general understanding of the various embodiments. Theillustrations are not intended to serve as a complete description of allof the elements and features of apparatus and systems that utilize thestructures or methods described herein. Many other embodiments may beapparent to those of skill in the art upon reviewing the disclosure.Other embodiments may be utilized and derived from the disclosure, suchthat structural and logical substitutions and changes may be madewithout departing from the scope of the disclosure. Additionally, theillustrations are merely representational and may not be drawn to scale.Certain proportions within the illustrations may be exaggerated, whileother proportions may be minimized. Accordingly, the disclosure and thefigures are to be regarded as illustrative rather than restrictive.

One or more embodiments of the disclosure may be referred to herein,individually and/or collectively, by the term “invention” merely forconvenience and without intending to voluntarily limit the scope of thisapplication to any particular invention or inventive concept. Moreover,although specific embodiments have been illustrated and describedherein, it should be appreciated that any subsequent arrangementdesigned to achieve the same or similar purpose may be substituted forthe specific embodiments shown. This disclosure is intended to cover anyand all subsequent adaptations or variations of various embodiments.Combinations of the above embodiments, and other embodiments notspecifically described herein, will be apparent to those of skill in theart upon reviewing the description.

The Abstract of the Disclosure is submitted with the understanding thatit will not be used to interpret or limit the scope or meaning of theclaims. In addition, in the foregoing Detailed Description, variousfeatures may be grouped together or described in a single embodiment forthe purpose of streamlining the disclosure. This disclosure is not to beinterpreted as reflecting an intention that the claimed embodimentsrequire more features than are expressly recited in each claim. Rather,as the following claims reflect, inventive subject matter may bedirected to less than all of the features of any of the disclosedembodiments. Thus, the following claims are incorporated into theDetailed Description, with each claim standing on its own as definingseparately claimed subject matter.

The above disclosed subject matter is to be considered illustrative, andnot restrictive, and the appended claims are intended to cover all suchmodifications, enhancements, and other embodiments which fall within thetrue spirit and scope of the present disclosure. Thus, to the maximumextent allowed by law, the scope of the present disclosure is to bedetermined by the broadest permissible interpretation of the followingclaims and their equivalents, and shall not be restricted or limited bythe foregoing detailed description.

What is claimed is:
 1. A method for facilitating a disbursement of fundsto a payee, the method being implemented by a processor on a computingdevice, the method comprising: receiving a payment request from a payorvia at least one from among a user interface and an applicationprogramming interface; redirecting the payee to a different applicationprogramming interface to provide an authentication response thatcorresponds to the authentication values generated at payment request;validating the authentication values; after the validation of theauthentication values, automatically generating a code that includes amachine-readable code and a human-readable code that corresponds to thereceived payment request by: encoding a set of instructions forexecution by the processor; associating a sequence of alphanumericalcharacters with at least one attribute, the at least one attributeincluding an expiration time attribute; automatically generating thecode based on the associated sequence of alphanumerical characters;configuring the generated code to be displayable on at least one payeedevice; determining whether the generated code has expired based on acurrent time and the expiration time attribute; and when the generatedcode has expired, causing the at least one payee device to block use ofthe generated code by generating a new code to replace the generatedcode; transmitting the new generated code to the payee; authenticatingthe payee at a payment disbursement machine by validating the code whenthe code is entered into the payment disbursement machine; transmittingan authenticated response to the payment disbursement machine based on aresult of the validating; and disbursing at least one of the funds and apayment voucher via the payment disbursement machine.
 2. The method ofclaim 1, wherein the payment disbursement machine is an automated tellermachine (ATM).
 3. The method of claim 1, wherein the payment request isreceived from the payor via a wireless mobile communication device. 4.The method of claim 1, wherein the disbursing comprises disbursing thepayment voucher when at least one of a funds availability restriction,an identification verification restriction, and a general paymentdisbursement machine restriction is applicable to the payee.
 5. Themethod of claim 4, wherein the payment voucher is redeemable at afinancial institution for facilitating the disbursement of funds.
 6. Themethod of claim 1, wherein the code is a single-use code that isunusable after a first use.
 7. The method of claim 6, wherein thesingle-use code is configured to expire when a predetermined amount oftime has elapsed from the generating of the code.
 8. The method of claim1, further comprising authenticating the payee after receiving thepayment request and before generating the code.
 9. The method of claim8, wherein the authenticating comprises using image data of the payee,using video data of the payee, using fingerprint data of the payee, andusing facial recognition data of the payee.
 10. The method of claim 1,wherein the code includes at least one of a barcode, a Quick Response(QR) code, a Near Field Communication (NFC) code, and a textual string.11. A computing device configured to implement an execution of a methodfor facilitating a disbursement of funds to a payee, the computingdevice comprising: a display screen; a processor; a memory; and acommunication interface coupled to each of the processor, the memory,and the display screen, wherein the processor is configured to: receivea payment request from a payor via at least one from among a userinterface and an application programming interface; redirect the payeeto a different application programming interface to provide anauthentication response that corresponds to the authentication valuesgenerated at payment request; validate the authentication values; afterthe validation of the authentication values, automatically generate acode that includes a machine-readable code and a human-readable codethat corresponds to the received payment request by causing anotherprocessor to: encode a set of instructions for execution by theprocessor; associate a sequence of alphanumerical characters with atleast one attribute, the at least one attribute including an expirationtime attribute; automatically generate the code based on the associatedsequence of alphanumerical characters; configure the generated code tobe displayable on at least one payee device; determine whether thegenerated code has expired based on a current time and the expirationtime attribute; and when the generated code has expired, causing the atleast one payee device to block use of the generated code by generatinga new code to replace the generated code; transmit the new generatedcode to the payee; validate the code when the code is entered into apayment disbursement machine; transmit an authenticated response to thepayment disbursement machine based on a result of the validating; andeffect the disbursement of at least one of the funds and a paymentvoucher via the payment disbursement machine.
 12. The computing deviceof claim 11, wherein the payment disbursement machine is an automatedteller machine (ATM).
 13. The computing device of claim 11, wherein thepayment request is received from the payor via a wireless mobilecommunication device.
 14. The computing device of claim 11, wherein theprocessor is further configured to effect the disbursement of thepayment voucher when at least one of a funds availability restriction,an identification verification restriction, and a general paymentdisbursement machine restriction is applicable to the payee.
 15. Thecomputing device of claim 14, wherein the payment voucher is redeemableat a financial institution for facilitating the disbursement of funds.16. The computing device of claim 11, wherein the code is a single-usecode that is unusable after a first use.
 17. The computing device ofclaim 16, wherein the single-use code is configured to expire when apredetermined amount of time has elapsed from a time at which the codeis generated.
 18. The computing device of claim 11, wherein theprocessor is further configured to authenticate the payee after thepayment request is received and before the code is generated.
 19. Thecomputing device of claim 18, wherein the processor is furtherconfigured to authenticate the payee by using at least one of image dataof the payee, video data of the payee, fingerprint data of the payee,and facial recognition data of the payee.
 20. The computing device ofclaim 11, wherein the code includes at least one of a barcode, a QuickResponse (QR) code, a Near Field Communication (NFC) code, and a textualstring.